Hony to invest in Li & Fung consumer assets
Hony Capital has agreed to invest in several businesses – covering furniture, beauty, and apparel – from Hong Kong conglomerate Li & Fung for $1.1 billion.
The assets will be acquired by a consortium in which Hony and Fung Holdings each hold 45%, while Fung Investments owns 10%. Fung Holdings and Fung Investments are both controlled by the Fung family, which...
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